Range Resources Corp (RRC)

Operating return on assets (Operating ROA)

		Dec 31, 2024	Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020
Operating income (ttm)	US$ in thousands	1,797,773	2,080,468	2,039,196	2,000,302	2,490,353	3,074,941	3,511,834	4,100,320	3,091,496	3,079,976	2,280,330	1,653,944	2,128,317	1,217,505	260,761	175,157	129,279	-4,400,809	-3,093,927	-2,705,078
Total assets	US$ in thousands	7,347,680	7,241,300	7,266,220	7,371,800	7,203,880	6,845,940	6,790,170	6,882,270	6,625,560	6,919,780	6,615,100	6,560,280	6,660,510	6,304,190	6,229,430	6,174,660	6,136,940	6,012,900	6,452,210	6,589,640
Operating ROA		24.47%	28.73%	28.06%	27.13%	34.57%	44.92%	51.72%	59.58%	46.66%	44.51%	34.47%	25.21%	31.95%	19.31%	4.19%	2.84%	2.11%	-73.19%	-47.95%	-41.05%

December 31, 2024 calculation

Operating ROA = Operating income (ttm) ÷ Total assets
= $1,797,773K ÷ $7,347,680K
= 24.47%

Range Resources Corp's operating return on assets (operating ROA) has shown significant fluctuations over the analyzed periods. The company experienced negative operating ROA figures in the initial quarters, with the lowest being reported at -73.19% on September 30, 2020, indicating operational inefficiency and potential financial distress.

However, there has been a notable turnaround starting from the fourth quarter of 2020, with Range Resources Corp achieving positive operating ROA figures. The trend of improvement continued into the following quarters, showing a steady increase in operating ROA. The highest operating ROA figure was recorded at 59.58% on March 31, 2023, reflecting a strong operational performance and enhanced asset utilization.

Despite some fluctuations in later periods, particularly in the second half of 2024, Range Resources Corp managed to maintain relatively healthy operating ROA levels above 20%. This indicates effective management of assets to generate operating profits.

Overall, the trend in Range Resources Corp's operating ROA demonstrates a turnaround from negative figures to positive performance, reflecting improved operational efficiency and profitability over time. Continued monitoring of this ratio will be crucial to assess the company's ongoing operational effectiveness.